Speedometer (Points/Sec) | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How To Calculate Swap And Forward Points - Newbie Here 3 replies

Best Reliable Sources for Daily Support and Resistance points. 2 replies

Piviot Points 18 replies

For those of you who trade pivot points 30 replies

Trading with Pivot Points 15 replies

Attachments: Speedometer (Points/Sec)
Exit Attachments

Speedometer (Points/Sec)

  • #101
  • May 6, 2015 10:03am May 6, 2015 10:03am
@Math: Maybe you can close your position depend of the speed of the variation of the momentum ? => I use it a lot for my scalping.
Or find an average ratio of speed/acceleration on the 5 or 6 candles before the current one and define and define a value to close the trade if it's in the extreme zone (as Bollinger Band). Hope you understand my idea.
  • #102
  • May 6, 2015 10:11am May 6, 2015 10:11am
Quoting Jb38
@Math: Maybe you can close your position depend of the speed of the variation of the momentum ? => I use it a lot for my scalping.
I just didn't get what you mean by saying "the speed of the variation of the momentum"?
Trading is the hardest way to make easy money...
  • #103
  • May 6, 2015 10:30am May 6, 2015 10:30am
I mean that maybe there is something to find by calculate the variation of the momentum between the actual and past ticks/M1 candle (acceleration and speed as you do with the price) and compare the data with the speed and acceleration of price as you already do.

=> If the momentum decline and the speed/acceleration of price fall => open a short or close the actual buy...
=> If the momentum not move and the speed/acceleration of price fall => stay in position...

I don't know if it's possible and if it's good...just an idea
  • #104
  • May 6, 2015 10:33am May 6, 2015 10:33am
Quoting Jb38
I mean that maybe there is something to find by calculate the variation of the momentum between the actual and past ticks/M1 candle (acceleration and speed as you do with the price) and compare the data with the speed and acceleration of price as you already do. => If the momentum decline and the speed/acceleration of price fall => open a short or close the actual buy... => If the momentum not move and the speed/acceleration of price fall => stay in position... I don't know if it's possible and if it's good...just an idea
I got it! it seems a good idea!
Trading is the hardest way to make easy money...
  • #105
  • Edited 3:43pm May 6, 2015 12:12pm | Edited 3:43pm
Quoting Jb38
I mean that maybe there is something to find by calculate the variation of the momentum between the actual and past ticks/M1 candle (acceleration and speed as you do with the price) and compare the data with the speed and acceleration of price as you already do. => If the momentum decline and the speed/acceleration of price fall => open a short or close the actual buy... => If the momentum not move and the speed/acceleration of price fall => stay in position... I don't know if it's possible and if it's good...just an idea
Second this approach. Probability married to order flow.
Audentes Fortuna Juvat
  • #106
  • May 6, 2015 1:00pm May 6, 2015 1:00pm
Quoting MathTrader7
The second attempt...{image} The probelm: what should be the criterion to close the positions? I just closed the positions manually and disabled the EA. I would like to hear your opinion about the criteria/rules to close the opened positions by speed/acceleration of the market.
We are talking here about extreme scalping so first you can count on predefined TP. Second possibility could be decresing of the speed of the market under certain level which is a dynamic TP. But keep in mind that TP bellow 2 pips even for ECN broker could be a problem in terms of longer cooperations with him as liquidity provider will take care to stop you very quickly, but I am talking here about MT4. With such a scalping system its better to move to API like FIX etc if you want to earn real money.
  • #107
  • May 6, 2015 1:09pm May 6, 2015 1:09pm
Quoting teapeak
With such a scalping system its better to move to API like FIX etc if you want to earn real money.
I don't know about FIX and its API...
Trading is the hardest way to make easy money...
  • #108
  • May 6, 2015 1:16pm May 6, 2015 1:16pm
Quoting MathTrader7
{quote} I don't know about FIX and its API...
Better to try search on net about it as for this type of scalping this is a must if you think about it professionally. MT4 is a toy for retail traders and highly manipulate by virtual dealer plugins....
  • #109
  • May 6, 2015 1:19pm May 6, 2015 1:19pm
also these nice results are only on demo now so please when you try it on live account finger cross to earn a 30% of such a results and then it will be a small mirracle.
  • #110
  • May 6, 2015 1:20pm May 6, 2015 1:20pm
Quoting teapeak
{quote} Better to try search on net about it as for this type of scalping this is a must if you think about it professionally. MT4 is a toy for retail traders and highly manipulate by virtual dealer plugins....
Found it on the net! If I see some potential with this approach, I may start learning the FIX API and switch to a more professional platform... Thanks for your hint!
Trading is the hardest way to make easy money...
  • #111
  • May 6, 2015 1:21pm May 6, 2015 1:21pm
Quoting teapeak
also these nice results are only on demo now so please when you try it on live account finger cross to earn a 30% of such a results and then it will be a small mirracle.
It's too soon to run the EA on live accounts! I'm still looking for proper exit rules/criteria
Trading is the hardest way to make easy money...
  • #112
  • May 6, 2015 1:24pm May 6, 2015 1:24pm
Quoting MathTrader7
{quote} It's too soon to run the EA on live accounts! I'm still looking for proper exit rules/criteria
Finger cross to your effort you will need it for sure as this could be very profitable but you need patiente.
  • #113
  • May 6, 2015 1:28pm May 6, 2015 1:28pm
Could you give an example of entries? using your index finger?
  • #114
  • May 6, 2015 1:30pm May 6, 2015 1:30pm
This may not need FIX, especially since liquidity isnt an issue on spot FX; and we're not running an HFT strategy (so the effect of an execution lag of a few micro seconds should be negligible). I think an ECN Broker should more than suffice with the method..
  • #115
  • May 6, 2015 1:37pm May 6, 2015 1:37pm
Quoting Thoughts
This may not need FIX, especially since liquidity isnt an issue on spot FX; and we're not running an HFT strategy. I think an ECN Broker should more than suffice with the method..
Yes this is not HFT but .....I do not agree as TP<= 2 pip is for retail broker even if ECN defined as extreme scalping and not very welcome. Maybe you will be tolerated below some small lot size trades and you are finished there. If you think this professionally you need decent API and you will be fine.
  • #116
  • May 6, 2015 1:41pm May 6, 2015 1:41pm
Quoting teapeak
{quote} Yes this is not HFT but .....I do not agree as TP<= 2 pip is for retail broker even if ECN defined as extreme scalping and not very welcome. Maybe you will be tolerated below some small lot size trades and you are finished there. If you think this professionally you need decent API and you will be fine.
It might seem unusual teapeak, but I know 2 different parties who are already doing this (TP<=2 pips) successfully on retail ECN...one of them uses really scary leverage.
  • #117
  • May 6, 2015 2:37pm May 6, 2015 2:37pm
How about transferring this potential HFT tick-scalper strategy to the centralized Currency Futures Markets which have the same exact price movements as the spot markets?

Clean market conditions, no "virtual dealer plug-ins", no broker tricks...
  • #118
  • May 6, 2015 3:39pm May 6, 2015 3:39pm
Quoting MathTrader7
Here I am sharing an indicator
Hi,

thank you for sharing Seepdometer

It would be nice to get some explanation for the 3 first parameters?
Attached Image


idea to close the trade or activate trail stop would be to add 2 lines into the histogramm indi that would be the average. (green bars and red bars)
So if green average decreases while OP_BUY , close or activate trail stop.
So if red average decreases while OP_SELL , close or activate trail stop.
(Just an idea)

Cheers
  • #119
  • May 6, 2015 3:53pm May 6, 2015 3:53pm
Quoting PipsFestival
idea to close the trade or activate trail stop would be to add 2 lines into the histogramm indi that would be the average. (green bars and red bars) So if green average decreases while OP_BUY , close or activate trail stop. So if red average decreases while OP_SELL , close or activate trail stop. (Just an idea) Cheers
Hi PipsFestival,
I will update Post 1 for the input settings definitions.
I am also thinking about the trailing stop for the first attempt...
Trading is the hardest way to make easy money...
  • #120
  • May 6, 2015 4:02pm May 6, 2015 4:02pm
Quoting MathTrader7
{quote} Hi PipsFestival, I will update Post 1 for the input settings definitions. I am also thinking about the trailing stop for the first attempt...
My suggestion try first clean cut / predefined TP no trailing as this could cause problems to retail broker as too many request can overload they servers. Dont forget this is extreme scalping for about 2 pips. Just stay as simple as possible If working good then you can experiment....
1 trader viewing now